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Economy1 min read

Turkey Sets Aside 80 Million Lira for Istanbul Flood-Hit Shops

Makkler Newsroom
October 18, 2026 · Based on reporting by Dünya, Habertürk, Borsa Gündem
Photo: Noclip / Wikimedia Commons · Public domain

Trade Minister Ömer Bolat said the funds will be sent to Istanbul’s governor’s office on October 19 for distribution to affected businesses.

Key takeaways

  • Ömer Bolat announced 80 million lira in cash support for Istanbul businesses hit by floods.
  • The funds are due to be sent to Istanbul’s governor’s office through TESKOMB on October 19.

Turkey will provide 80 million lira in cash support to businesses affected by flooding in Istanbul, Trade Minister Ömer Bolat announced. He said the money is intended to meet their urgent needs.

The funds are due to be sent through TESKOMB to the Istanbul governor’s office on Monday, October 19. The governor’s office will coordinate distribution to affected businesses.

Bolat said the flooding followed rainfall on October 14-15 that was recorded as Istanbul’s heaviest in 84 years. That description was included in his announcement.

Topics
Ömer BolatTESKOMB

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